Saint-Hyacinthe, QC (Aug. 13, 2019) \u2013 Humania Assurance is proud to announce the acquisition of all of Tour+Med\u2019s assets.<\/p>\n
Created by Mr. Daniel Provencher in 1996, the company providing Tour+Med travel insurance products has an administrative centre in Trois-Rivi\u00e8res, Quebec, and an assistance subsidiary in Florida, USA. Tour+Med is a renowned player in the Canadian travel insurance business, for both short and long trips. Its personalized approach answers the needs of Baby Boomers and Canadian travellers who are declined coverage by other carriers due to age or pre-existing medical conditions. Tour+Med has become a leader in this segment.<\/p>\n
Humania Assurance and Tour+Med have been working in close collaboration over the last 10 years.<\/p>\n
\u201cThis is a natural and obvious transaction,\u201d said Pierre St-Onge<\/strong>, the new Principal Officer of Tour+Med. \u201cHumania Assurance, our underwriter, has a long expertise in living benefits and they wanted to expand their activities, while we were looking for ways to accelerate our growth in Canada.\u201d<\/p>\n \u201cThis acquisition promises a synergy increase,\u201d said St\u00e9phane Rochon<\/strong>, President and Chief Executive Officer of Humania Assurance. \u201cOur expertise in digital development, combined with Tour+Med\u2019s expertise in travel insurance, will allow us to enhance our service offer considerably, for both individuals and groups. Since the launch of our cancer insurance 5575.ca, we wish to complement and increase our range of products offered to Canadian retirees, a market segment that surely needs it.\u201d<\/p>\n \u201cThis transaction will help us combine our respective distribution networks,\u201d added Pierre St-Onge. \u201cWe also plan on developing new solutions for all of the actors of this industry, such as firms and actuaries involved in the group insurance business. Although we play an important role in the Snowbird travel insurance business, we operate on many other sectors and Humania Assurance\u2019s upcoming input will accelerate our diversification.\u201d<\/p>\n Following this transaction, Mr. Pierre St-Onge remains a shareholder and will continue to be in charge of the travel insurance sales and operations.<\/p>\n About Humania Assurance<\/b><\/p>\n Humania Assurance is a mutual that has been developing insurance solutions suited for the needs of Canadians for more than 75 years. It conceives innovative insurance protections available online, in order to simplify and accelerate the underwriting process, at a competitive price. The success of this strategic orientation now allows Humania Assurance to explore new technologies and to provide products that are centred on user experience to all Canadians. For more information, visit www.humania.ca<\/a>.<\/p>\n About 5575 This new portfolio of insurance products for people aged 55 to 75 was launched a few months ago. It will include several protections, including cancer protection which allows to receive a lump sum following the diagnosis of a covered condition. In just a few minutes, a contract is automatically issued on the Web, without any medical test. For more information, visit www.5575.ca<\/a>.<\/p>\n Source: Humania Assurance<\/i><\/p>\n Tags: Acquisition<\/a>, Humania Assurance<\/a>, Tour+Med<\/a>, travel<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Acquisition increases Humania\u2019s presence in the travel insurance industry Saint-Hyacinthe, QC (Aug. 13, 2019) \u2013 Humania Assurance is proud to announce the acquisition of all of Tour+Med\u2019s assets. Created by Mr. Daniel Provencher in...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16343"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16343"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16343\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/b><\/p>\n